The latest data from the US shows positive CPI figures, increasing speculation that the Federal Reserve (Fed) may cut interest rates in September. According to the CME FedWatch Tool, the probability of the Fed cutting interest rates in September is currently assessed at 88.1%.
A rate cut is expected to provide support for Bitcoin and altcoins, but Markus Thielen, founder of 10X Research, states that the situation is complicated. Positive recent inflation data has laid the groundwork for a potential Fed interest rate cut later this year. Thielen suggests that based on current market sentiment, investors may have already priced in a potential rate cut. Interest rate cut expectations have been a major factor in Bitcoin rising from $15,000 by the end of 2022 to over $73,000 this year; therefore the actual event may have a more limited impact on the market.
Looking at historical data, experienced analysts note that Bitcoin generally performs positively after the Fed's interest rate hike cycles end. Using the example of 2019, Thielen states that the first interest rate cuts were met with more moderate reactions compared to periods of low inflation and economic growth. He emphasizes that low inflation and a strong economic environment may make interest rate cuts more effective on asset prices.
Thielen points out the importance of the timing of the interest rate cut and economic conditions. If the Fed cuts interest rates solely due to inflation concerns, this could be a short-term bullish signal for Bitcoin. However, if the discount occurs during periods of uncertainty, this could send a negative message to the market and cause investors to turn to safer assets.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
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So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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